---
schema_version: "secwatch.filing_event.v1"
accession: "0001547903-25-000101"
form_type: "8-K"
ticker: "NMIH"
cik: "0001547903"
company_name: "NMI Holdings, Inc."
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:37:06.292628+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NMIH Q3 net income $96M ($1.22 EPS); revenue $178.7M; insurance-in-force up 5% YoY

## Summary
- Net income $96.0M ($1.22 diluted EPS) vs $92.8M ($1.15) YoY; adjusted EPS $1.21.
- Total revenue $178.7M, up 8% YoY; net premiums earned $151.3M, up 6% YoY.
- Primary insurance-in-force $218.4B, up 2% QoQ and 5% YoY; NIW $13.0B.
- Claims expenses $18.6M, loss ratio 12.3% (vs 7.2% YoY); expense ratio improved to 19.3%.
- Book value per share ex. unrealized gains $33.32, up 4% QoQ and 16% YoY.

## SEC filing metadata
- accession: 0001547903-25-000101
- form_type: 8-K
- ticker: NMIH
- cik: 0001547903
- company_name: NMI Holdings, Inc.
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1547903/000154790325000101/0001547903-25-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547903/000154790325000101/nmih-20251104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001547903-25-000101
- JSON: https://secwatch.observer/filing/0001547903-25-000101.json
- Plain text: https://secwatch.observer/filing/0001547903-25-000101.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.